But isn't "decentralisation" the Trojan horse to even more centralisation?
(Sounds like an exam question.)
From what I can see, true disruptors - that disrupt control structures - are being driven out or further underground, and we shall be left with new tech to cement old structures.
The question then becomes: how do you make the defi disruptors more resilient to the crushing weight of trad finance? As we are seeing, the tools are by no means all financial - the law is being obviously used as a weapon.

We may even look back and see that what is being changed is not so much finance as the structure of law, corporations, jurisdictions etc.